Bank of New York Mellon Corp Buys 3,945 Shares of West Bancorporation, Inc. (NASDAQ:WTBA)

Bank of New York Mellon Corp lifted its position in shares of West Bancorporation, Inc. (NASDAQ:WTBA) by 3.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 120,264 shares of the financial services provider’s stock after purchasing an additional 3,945 shares during the quarter. Bank of New York Mellon Corp’s holdings in West Bancorporation were worth $2,153,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. LexAurum Advisors LLC raised its position in West Bancorporation by 3.2% during the 1st quarter. LexAurum Advisors LLC now owns 28,478 shares of the financial services provider’s stock valued at $508,000 after purchasing an additional 894 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of West Bancorporation by 87.2% during the first quarter. BNP Paribas Financial Markets now owns 8,240 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 3,839 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of West Bancorporation by 3.0% during the first quarter. Vanguard Group Inc. now owns 733,742 shares of the financial services provider’s stock valued at $13,083,000 after buying an additional 21,604 shares during the last quarter. Quadrature Capital Ltd bought a new position in West Bancorporation during the first quarter valued at approximately $196,000. Finally, Price T Rowe Associates Inc. MD increased its position in West Bancorporation by 1.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 41,994 shares of the financial services provider’s stock valued at $749,000 after acquiring an additional 647 shares during the last quarter. Hedge funds and other institutional investors own 44.30% of the company’s stock.

West Bancorporation Trading Down 1.7 %

Shares of WTBA stock opened at $19.19 on Wednesday. The company has a market cap of $322.66 million, a price-to-earnings ratio of 14.54 and a beta of 0.98. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a fifty day moving average price of $19.43 and a 200-day moving average price of $17.91. West Bancorporation, Inc. has a 1 year low of $15.25 and a 1 year high of $22.39.

West Bancorporation (NASDAQ:WTBA) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The business had revenue of $49.91 million during the quarter, compared to the consensus estimate of $19.29 million. West Bancorporation had a return on equity of 9.78% and a net margin of 11.57%. During the same period last year, the company earned $0.35 EPS. As a group, equities analysts predict that West Bancorporation, Inc. will post 1.3 earnings per share for the current year.

West Bancorporation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.21%. The ex-dividend date of this dividend was Wednesday, August 7th. West Bancorporation’s dividend payout ratio is currently 75.76%.

About West Bancorporation

West Bancorporation, Inc operates as the financial holding company provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. It offers deposit services, including checking, savings, and money market accounts, as well as time certificates of deposit.